TELKOM SA SOC LIMITED - Further cautionary announcement

Further cautionary announcement

Telkom SA SOC Limited
(Registration number 1991/005476/30)
JSE share code: TKG
ISIN: ZAE000044897
(“Telkom” or the “Group)


FURTHER CAUTIONARY ANNOUNCEMENT RELATING TO NEGOTIATIONS WITH MTN SOUTH AFRICA (MTN)

Shareholders are referred to the various cautionary announcements published on the
Securities Exchange News Service of the JSE Limited, the last of which was released on 13
June 2014.

Shareholders are advised that Telkom and MTN South Africa remain in discussions
regarding the potential extension of their existing roaming agreement to include bilateral
roaming and outsourcing of the operation of Telkom’s radio access network, which if
successfully concluded may have a material effect on the price of Telkom’s securities. The
parties are following the legally required regulatory approval processes, and as such would
expect responses within the normal course of such proceedings.

Accordingly, shareholders are advised to continue to exercise caution when dealing in
Telkom securities until a further announcement in this regard is made.


Pretoria
25 July 2014


Sponsor
The Standard Bank of South Africa Limited

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